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General Electric is one of the Industry leaders in the area of high technology. Its business is spread across 8 main segments including power, aviation, healthcare, transportation, capital, energy connections and lighting, renewable energy and oil and gas.
In all these areas GE is pushing the line to build competitive advantage and higher profits. The company achieved a sharp click in revenue across its power segment. In aviation and renewable energy too, the brand achieved good results. Some of the other business segments saw a decline in revenue.
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The overall performance of the brand has been good despite the ever-changing economic, geopolitical and technological scenario. Rising protectionism has proved a challenge to business expansion since brands had started looking farther to expand their business. Quality and technology have become important strengths in this era that are helping businesses overcome ge strengths and weaknesses biggest challenges and hurdles before them. Businesses are doing everything to create value for the society and to build trust. Bad regulatory and economic practices throughput the world are also making the environment challenging for the big businesses.
If GE has performed in such a difficult environment then it is wtrengths of excellent technology and focussed human resources. GE has several more strengths that have helped it bear the most turbulent market situations and helped ge strengths and weaknesses sustain its market position.
Today the global digital industrial company is transforming the industry with its extraordinary capabilities. Today, the brand is present in more than countries and has a large workforce ofIt is one of the companies with the finest global footprint. It has solved some of the biggest problems in this world through its advanced technological capabilities. The brand is known for long for being a leader in clean energy innovation. Other areas where the brand has made a strong presence felt through its technology are locomotives and jet engine.
The brand also played a major role in restoring electricity to Iraq. Advanced technology is a major source of competitive advantage for Please click for source and it has set several examples in many areas starting from power to transportation. Its CFM Leap engine is one of the most advanced engines equipped with sensors. In some of these sectors it made major progress despite the situation being challenging and in some the revenue fell.
Overall, the entire business portfolio is spread across some major groups which is another sign of a strong global brand. In its business portfolio, the industrial segments are now the biggest source of revenue for the brand. All the business segments ge strengths and weaknesses their own business leaders.
Ge strengths and weaknesses GE there are no philosophers, only leaders who meet regularly and discuss important issues like competition and key challenges. Right at the time Jack Welch was the CEO, the brand had focussed on simplifying the entire structure to create more space for innovation. Amid the challenging situation globally over the past few years, the brand has grown profitably. GE is also investing in disruptive innovation so that its industrial productivity can rise higher in future. It has established two new ventures GE digital and GE additive manufacturing. The biggest challenge big businesses are facing is related to their future.
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The brand is also challenging itself to achieve major financial goals in the coming future. Its two new business ventures are in the early stage of value creation for its investors and shareholders. The brand is investing in technology to become the leader in industrial productivity. There has been a major change since The dollar sums are in millions.]
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